Good to hear from ya!
I've been battling the urge to sell my VXX and SPY options...I think they could run extremely well into next week, but I also know I am a sucker for holding on too long and losing my ass. lol
I got $46 VXX calls and $265 SPY puts expiring 11/6.
Paid $.07 for VXX and $.10 for SPY.
As of market close it looks like VXX is at $.475 and SPY at $.43.
I wish I'd put more than $300 into it now but at the time I thought it was a crazy bet and I could lose everything right out the gate. I did sell half already so I'm out nothing if I do hold too long. Sure would be nice to not lose all my gains though. Might see where things are tomorrow and/or Friday and sell out then. Holding over the weekend could get really risky especially if the market bounces for god knows what reason. Then again I'm seeing Europe is now locking back down...that could crash the markets significantly further and put my options in the money. Crazy ride!
We'll see either way... I'll update my outcome here.
Disclaimer: Please do not follow me into any trades without verifying their potential for yourself. While I often feel like I have a good handle on things, my track record says differently.....
